Valkyrie Chief Investment Officer (CIO) Steven McClurg told ETF.com on Nov. 2 that regulators could approve a spot Bitcoin ETF by the end of the month.
McClurg said that he expects the U.S. Securities and Exchange Commission (SEC) to send a second request for comments to various spot Bitcoin ETF applicants in the coming weeks. The SEC previously requested comments starting at the end of September. Valkyrie reportedly submitted an update to its own filing this week.
The CIO said that after the SEC sends out those new requests, it could approve the necessary 19b-4 filings at the end of November. Those filings concern the proposed rule changes that would allow exchanges to list the spot Bitcoin (BTC) ETFs in question.
McClurg said that this approval timeline “likely means a February launch” in 2024, as the SEC could ask firms to add more details to other S-1 filings before any final…
